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Tuesday, October 26, 2021

Best Trading Tips: What is Day Trading? You can get big profits in a few hours, keep in mind important tips

 

How to do Intraday Trading: With the increasing penetration of internet and online trading houses, it has become easier to invest money and make profits sitting at home in the stock market.

Best Trading Tips, How to do Intraday Trading

With the increasing penetration of internet and online trading houses, it has become easier to invest money and make profits sitting at home in the stock market. However, investors have different views. Some investors have long term goals and they invest their money for the long term to meet different goals. At the same time, some investors invest money in the market by taking short-term goals. Some of these are intraday investors or day traders. If the right stock is identified in intraday trade, then profits can be made by investing money on a daily basis in the stock market.

What is intraday trading?

Basically, buying and selling shares on the same trading day in the market is called intraday trading. By investing money in the morning, you can earn well by the afternoon. Here shares are bought, but its purpose is not to invest but to earn profits by increasing it in one day. Keep in mind that it is not necessary that you benefit. If you want to do day-trading, first you have to open a Demat account and a trading account.

Select the right stock: Choose stocks that are easy to sell. Shares that have high liquidity and you can sell them easily. Because if there is no buyer of your stock then you will be in loss. But in liquid stocks also choose only 2 or 3 stocks.

Hoyer Trading Volume: Only select stocks with higher trading volume. More and more investors tend to trend in such stocks.

Stay updated with the stock market: It is important to keep updated with the stock market while trading your day. It is important to know what kind of news is going on in the market. This will help you in choosing the right shares and you will avoid risk.

See the market trend: Stay away from volatile stocks and buy-in stocks with good correlation. Before choosing the stock, be sure to check the trend of the market, do not go against the trend of the market.

Consult an expert: Be sure to consult the expert before investing. After that, after the research, invest in the shares on which you are confident.

Set Target: Before buying a stock, decide in which price to buy and its target.
Make profit booking as soon as the goal is met.

Stop Loss Strategy: Make a stop loss in intraday trading. Avoid investing in penny stocks.

(Source: In this, tips on the report of different brokerage houses are given.)

How much money is needed?

You can invest any amount in stock during intraday. The rule in the stock market is that on the day the share is bought, you do not have to pay full money. Under the rule, full payment has to be made after 2 trading days of the day on which the stock is purchased. Still, you have to invest 30 percent of the share price in the beginning.

How do you get the benefit

An example of this can be seen in the business of August 1. Today, those investing in Airtel have been silver and the stock has grown by more than 5 percent. In fact, investors were eyeing the AGR issue today. The Supreme Court has given 10 years to telecom companies to pay AGR dues. After which Airtel gained 5 percent. It is important for day traders to take care of such trades.

Experts believe that most of the trading in the stock market is done by day trading, but still one should trade with caution. The market trend must be seen before choosing a stock. Do not go against the trends of the market. Before buying a stock, decide in which price to buy and its target. Must make a stop loss.

(Discliamer: We are giving information about intraday trading here, not investment advice. The stock market has its own risks, so be sure to consult experts before investing.)

 

Source: www.financialexpress.com

Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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